Filing Flows › Corvex (MOVE) › Q1 2026
Corvex (MOVE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 19, 2026
Corvex (MOVE) reported revenue of $510K for the first quarter 2026 (Q1 2026), +148% from a year earlier and up 12-fold from the quarter before. Operating margin was -950.4%, net loss $5.0M (981.4% of revenue).
Corvex, Q1 2026: revenue $510K (+148% year over year), operating margin -950.4%, net loss $5.0M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $510K | 12× | +148% |
| Operating profit | −$4.8M | — | — |
| Net earnings | −$5.0M | — | — |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $510K in Q1 2026, up 148% year over year and up 1059% from the previous quarter. Revenue AIPlatform and Services was the largest line at 93% of revenue. Revenue Connected Devices and Services declined 83%.
Operating costs exceeded revenue by $4.8M, an operating margin of -950.4%. Total costs fell 2% while revenue rose 148%. The fastest-growing cost line was Other operating costs (+2105%). The quarter ended with a net loss of $5.0M, narrower than the previous quarter's $5.9M loss.
Operating cash flow was −$4.3M. Non-cash charges added back $326K of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $6.2M exceeded it, leaving free cash flow of −$10.5M.
Questions
What was Corvex's revenue in the first quarter 2026?
Corvex (MOVE) reported revenue of $510K for the first quarter 2026 (Q1 2026), +148% from a year earlier and up 12-fold from the quarter before.
Was Corvex profitable in the first quarter 2026?
Operating loss was $4.8M (-950.4% of revenue) and net loss $5.0M.
Source: Corvex 10-Q on SEC EDGAR.